Record Details

The Extent of Complaisance Compliance of The Jordanian Companies in Applying The International Accounting Standard 10 “Events After The Reporting Period ”

Journal of Administrative and Economics Science

View Archive Info
 
 
Field Value
 
Title The Extent of Complaisance Compliance of The Jordanian Companies in Applying The International Accounting Standard 10 “Events After The Reporting Period ”
 
Creator Abu-nassar, Mohammad .
Orabi, Hamza .
 
Description Presented Paper in    International Financial Reporting Standards (IFRS) Conference - Challenges & Opportunities  1st – 2nd May, 2012     Organized by  College of Business & Economics, Qassim University  ،  Saudi ArabiaAbstract. The purpose of this study was to investigate the extent of compliance of the Jordanian public shareholding companies in applying the rules of IAS 10: events after the reporting period. The study also aims to investigate the effect of firm size on the extent of compliance to IAS10, and whether there are differences between individuals holding professional licenses and those not holding licenses in applying the rules of IAS 10. In  order  to  obtain  the  data  necessary  to  this  study,  a  questionnaire  was  developed  and  distributed  to a sample study of 73 public shareholding company (financial managers, and accountants), and 80 external auditors. After analyzing the data and testing the hypotheses, the study has reached the following results: − The  extent  of  compliance  of  the  Jordanian  companies  in  applying  the  rules  of  IAS  10  is  low; especially the adjusting events, where the percentage of compliance is 54% of the sample firms and 62% for the auditors. − Auditors  are  more  compliance  than  management  in  treating  the  events  after  the  reporting  period dates. − There is no effect of the company size on the accounting treatment of the events after the reporting period date. However, small companies are more committed than big companies in treating the non-adjusting events.. − Individuals  holding  professional  licenses  are  more  compliance  in  treating  the  events  after  the reporting period than those not holding licenses. In light of the results of the study, and because of the great importance of the events after the reporting period  date  in  the  presentation  of  financial  statements  in  a  fair  and  relevant  form,  the  auditors  and management  of  companies  have  to  give  the  subject  of  particular  interest  and  comply  with  the requirements of International Accounting Standard No. 10.
 
Publisher Qassim University Academic Publishing and translation
 
Contributor —
 
Date 2012-04-26
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://publications.qu.edu.sa/ojs/index.php/economic/article/view/514
 
Source Journal Of Administrative And Economics Science; Vol 5, No 2
 
Language eng
 
Relation http://publications.qu.edu.sa/ojs/index.php/economic/article/view/514/500